Cablevision CEO Faces Crossroads
With Joint Bid for Vivendi Business

Edgar Bronfman Jr. isn't the only scion looking to remake his reputation by bidding for Vivendi Universal SA's U.S. entertainment businesses.

James Dolan, whose family-controlled Cablevision Systems Corp. has joined forces with Mr. Bronfman to make a possible bid, has stumbled as that company's chief executive officer. Last summer, the finances of the highly leveraged Cablevision -- the largest cable operator in the New York City region -- became so precarious that analysts were warning of a liquidity crunch. (The company's...